Business · Companies · 13 hrs ago
Partners Group plans to split flagship private equity fund amid liquidity pressure
Partners Group plans to split its Global Value fund into two portfolios under one structure.
The fund, which had net assets of €6.6 billion, is a flagship in the Swiss firm’s private equity business.
One portfolio would focus on growth, while the other would sell investments over time and distribute proceeds to investors.
The plan follows rising withdrawal requests: since June, the fund has limited payments to its prospectus limit of 5% per quarter, and requests reached about 9.8% of its value for the second quarter.
These limits can delay or reduce payments, but are intended to protect long-term investors from forced asset sales.
Existing investors are expected to be able to stay, move their holdings to the growth portfolio, or request withdrawals; only the growth portfolio would accept new investments.
Shareholders must approve the restructuring before it can proceed, and Partners Group has not disclosed how investments will be allocated between the portfolios.
Partners Group plans to restructure its Global Value SICAV flagship private equity fund into two portfolios amid rising liquidity pressure.
The fund, with recently reported net assets of €6.6 billion, would be split into a growth portfolio and a portfolio that sells assets and distributes proceeds.
The change is intended to separate investors with different goals, and requires shareholder approval.
Since June, the fund has limited redemptions to the quarterly cap set in its prospectus.
Existing investors are expected to be able to stay invested, switch portfolios or request redemption.
- Who
- Partners Group plans the restructuring of its Global Value SICAV fund.
- What
- The fund would be divided into a growth portfolio and a portfolio focused on selling assets and distributing proceeds.
- When
- The plan was announced on 2 October 2026.
- Where
- Not stated.
- Why
- The fund faces increasing liquidity pressure, and the split is intended to separate investors with different goals.
This story does not have two clearly opposing sides.
The board called an extraordinary general meeting to amend the fund’s statutes on liquidity-management measures.
The first meeting did not reach the required 31 percent quorum.
A second meeting approved the proposed statutory change.
Partners Group said second-quarter redemption requests had reached about 9.8 percent of net asset value, against a 5 percent quarterly cap.
Partners Group announced plans to restructure the fund into two portfolios.
- Fund
- Global Value SICAV
- Recently reported net assets
- €6.6 billion
- Quarterly redemption cap
- 5 percent
- Second-quarter redemption requests
- About 9.8 percent of net asset value
- Planned portfolios
- Compounding Fund and Distributing Fund
- Shareholder approval
- Required